James Baker
House Hacking isn’t Working??!
I live in a Triplex that I own on a portfolio loan that I put 20% down on. My mortgage is $800 a month. My insurance is $1200 a year. I owe $95k on the property and it is worth $150,000.Unit 1 rents for -$550Unit 2 re...
Daija Nolcox
House Hacking Through FHA
Closing on my first home 2/3/2020 which is a MFH that I am house hacking. I was wondering how to make the rental aspect of my property a business since I couldn't technically take title in an entity because of FHA res...
Adrian Fajardo
Question on House hacking
Hello to my fellow soldiers both past and present. I'm starting my journey into REI and along my research, I've encountered the "House hacking" term a couple of times. I understand the gist but what I don't get is how...
John Whitridge
House Hacking in Philadelphia
Hi Bigger Pockets, I am looking to start my Real Estate Investing career by purchasing a Multi-family building in the Philadelphia area but all of the properties I have looked into are either out of my price range or ...
Adam Barr
House Hacking by Proxy?
Hi, I'm new to BP... still very much in the "gathering information" phase as I learn about real estate business models and investment strategies. I'm active duty military, and any near-term investment strategy I pursu...
James R Gleason II
Collecting House Hacking Rents
My first post on BP!I am currently under contract for a SFR that is a 4 bed 2 bath and am looking to house hack. I've run all of my numbers and am happy with how everything looks. However, I am looking for some advice...
Alec Anderson
House hacking depreciation question
I exclusively occupied 16% of my property and rented out 2 rooms for a total of 24% of the sq. footage. The remaining 60% was shared between the 3 of us. For depreciation purposes would I be able to deduct the 24% the...
Duane Hundley
House Hacking A Duplex
Thinking about selling out 3100sq house and buying a duplex. Would save about $1,120 a month in payment compared to our current home. I also would make over $13k in the sell of our current mortgage, plus the down paym...
Rebecca Shine
House Hacking Tax Question
Hi Everyone!I purchased my first property 3 months ago, so there is a month and a half of home ownership expenses that will be included in my 2016 taxes. This house is a duplex - I'm house hacking. I know that I can...
Kyle Scofield
House Hacking in College
A couple questions about house hacking in college with friends:1) Should I tell them I'm their landlord even though they live in the same house with me and I am their friend?2) When applying for an FHA 203k loan, will...